Why LTC Insurance

Maryland Long-Term Care Partnership Program

Since December 2008 Maryland has offered Partnership Policy's. The Maryland Long-Term Care Partnership Program is an alliance between the state of MD and private long-term care insurance companies.

Under the Maryland Long-Term Care Insurance Partnership Program, the state will disregard the policyholder's personal assets equal to amounts paid out under a qualifying insurance policy when it determines the person's eligibility for Medicaid assistance. For example, if a qualifying LTC insurance Partnership policy pays out $50,000 in benefits to cover a person's long-term care needs, Medicaid would not count up to $50,000 of the person's assets when it determines whether a person is eligible for Medicaid assistance with long-term care costs. This means the person would be able to qualify for LTC assistance though Medicaid without first having to spend all of their assets on care.